Malaysia’s commercial real estate (CRE) market saw a strong recovery in 2024, in line with the global resurgence in property investment. According to The Wealth Report by Knight Frank, global CRE investment rebounded to US$806 billion, marking an 8% increase year-on-year, following a sharp contraction in 2023. Cross-border capital flows also rose by 12% to US$171 billion, underscoring the international appetite for real estate.

Malaysia mirrored this trend, with high-net-worth individuals (HNWIs) and institutional investors driving long-term investments. The country’s rising HNWI population reflects increasing wealth accumulation and growing interest in real estate assets.

Knight Frank Malaysia group managing director Keith Ooi remarked: “Malaysia’s commercial real estate market continues to evolve, with investors showing strong interest in prime office and logistics assets. As economic conditions stabilise and financing costs ease, we expect a wave of strategic acquisitions, particularly in key urban centres such as Kuala Lumpur, Penang, and Johor Bahru. Investors are increasingly seeking long-term value, and the resurgence of private capital plays a crucial role in this recovery.”
Private capital and institutional buyers lead growth.

Globally, private capital remained dominant in the CRE market in 2024, with institutional investors contributing US$268 billion — 33% of total investments. In Malaysia, private investors were particularly active in the office and industrial sectors, capitalising on demand for high-quality assets. The logistics sector, in particular, continued to attract significant investment due to its strong growth potential.

Knight Frank Malaysia’s senior executive director representing land and industrial solutions Allan Sim: The rebound in global commercial real estate investment has had a direct impact on Malaysia, where we are seeing increased activity from HNWIs and institutional players.

With interest rates expected to ease, we anticipate stronger demand for prime assets, particularly in Kuala Lumpur’s office and logistics sectors.

Knight Frank Malaysia’s senior executive director representing land and industrial solutions Allan Sim said: “The rebound in global commercial real estate investment has had a direct impact on Malaysia, where we are seeing increased activity from HNWIs and institutional players. With interest rates expected to ease, we anticipate stronger demand for prime assets, particularly in Kuala Lumpur’s office and logistics sectors.”

HNWIs on the rise

The number of HNWIs globally grew by 4.4% in 2024, reaching 2,341,378 individuals, with North America and Asia leading the expansion. Malaysia has been a key beneficiary of this trend, with more ultra-wealthy individuals diversifying into real estate.

Knight Frank Malaysia executive director from Capital Markets-Investments James Buckley: We are witnessing strong demand for luxury residences, particularly in Kuala Lumpur, as well as a heightened interest in commercial properties that offer stable yields. With global investors also returning to real estate, Malaysia stands to benefit from increased capital inflows in the coming years.

Knight Frank Malaysia executive director from Capital Markets-Investments James Buckley said: “We are witnessing strong demand for luxury residences, particularly in Kuala Lumpur, as well as a heightened interest in commercial properties that offer stable yields. With global investors also returning to real estate, Malaysia stands to benefit from increased capital inflows in the coming years.”

Source: The Edge Malaysia

Singapore’s housing landscape is changing. More people are choosing to live in private condominiums than ever before.

Singapore Department of Statistics (SingStat) data reveals that over 700,000 residents, including both Singapore Citizens (SCs) and Permanent Residents (PRs), live in private condos by 2024. This figure almost doubled the stat from 15 years ago – a huge shift driven by changing housing preferences, higher incomes, and a strong desire to upgrade from public housing.

As reported by The Bussiness Times, SingStat data shows that nearly 17% of Singapore’s residents now live in private condominiums, a significant increase from just 10% in 2009. In contrast, the proportion of people living in HDB flats has fallen from 83% to 76%. Even the number of landed home residents has declined slightly.

This shift is not just about numbers. It reflects a growing preference for private housing among younger buyers. More Millennials and Gen Z buyers now see condos as a lifestyle upgrade.

The appeal of better facilities, privacy, and investment potential makes private homes more attractive than ever. Additionally, PRs with limited options continue to see condos as a viable choice, even with the Additional Buyer’s Stamp Duty (ABSD).

Not only are more people living in private apartments, but homeownership rates among condo residents have also surged. In 2024, 85% of Singapore resident households living in condos and other apartments owned the properties they lived in.

In 2009, only about 91,000 households owned the private condos they occupied. By 2024, this number had soared to over 220,000. Many of these buyers used to own HDB flats, which they sold at high resale prices before upgrading to private
homes.

However, while upgrading has been a trend for years, analysts said it might slow down in the future. Private property prices are now at record highs. With Singapore’s economy becoming more competitive, some buyers may think twice before making the jump.

Source: The Business Times

Singapore’s housing landscape is changing. More people are choosing to live in private condominiums than ever before.

Singapore Department of Statistics (SingStat) data reveals that over 700,000 residents, including both Singapore Citizens (SCs) and Permanent Residents (PRs), live in private condos by 2024. This figure almost doubled the stat from 15 years ago – a huge shift driven by changing housing preferences, higher incomes, and a strong desire to upgrade from public housing.

As reported by The Bussiness Times, SingStat data shows that nearly 17% of Singapore’s residents now live in private condominiums, a significant increase from just 10% in 2009. In contrast, the proportion of people living in HDB flats has fallen from 83% to 76%. Even the number of landed home residents has declined slightly.

This shift is not just about numbers. It reflects a growing preference for private housing among younger buyers. More Millennials and Gen Z buyers now see condos as a lifestyle upgrade.

The appeal of better facilities, privacy, and investment potential makes private homes more attractive than ever. Additionally, PRs with limited options continue to see condos as a viable choice, even with the Additional Buyer’s Stamp Duty (ABSD).

Not only are more people living in private apartments, but homeownership rates among condo residents have also surged. In 2024, 85% of Singapore resident households living in condos and other apartments owned the properties they lived in.

In 2009, only about 91,000 households owned the private condos they occupied. By 2024, this number had soared to over 220,000. Many of these buyers used to own HDB flats, which they sold at high resale prices before upgrading to private
homes.

However, while upgrading has been a trend for years, analysts said it might slow down in the future. Private property prices are now at record highs. With Singapore’s economy becoming more competitive, some buyers may think twice before making the jump.

Source: The Business Times